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HomeMy WebLinkAbout2024.08.01.02 SSQ Transmission Upgrade Pitch Sheet (Final)SSQ TRANSMISSION UPGRADE Enhancing Railbelt Capacity and Resilience Ownership: AEA Owned Status: Constuction Capacity: 230kV (Currently operating at 115kV) Length: 39 miles Right of Way (ROW): Utilizing existing SSQ ROW Construction: 2024-2028 Cost: $90 Million PROJECT SUMMARY The Sterling Substation to Quartz Creek (SSQ) Substation transmission line plays a vital role in Alaska’s Railbelt electric grid, which serves over 75 percent of the state’s population. About 87 percent of the energy from Bradley Lake Hydroelectric Project (Bradley Lake) crosses this section going to the central and northern utilities. The 115 kilovolt (kV) transmission line is 50 years old and will require replacement as many of the support structures are approaching the end of their useful life. This section represents some of the highest line loss per mile of Bradley Lake energy. The upgrade will size the conductor, insulators, and poles/towers to 230 kV standards. The route will also be installed with fiber-optic communication lines. (Continued on back) PROJECT OVERVIEW Benefits ƒReduced line losses ƒGreater secure communication and control of system ƒIncreased resilience to wildfires and other unplanned events Opportunities ƒAllows for development of new renewable energy projects on the Kenai Peninsula by eliminating capacity constraints along Railbelt ƒAdditional capacity for increasing energy during peak periods DRAFT August 1, 2024 Status Update ƒProject 1: Design complete and bid is underway. Construction award anticipated in the third quarter of 2024. ƒProject 2-4: Design and environmental work underwary. Bid will take another year. FISCAL YEAR FUNDING SOURCE 2024 25.00 2025 2.00 2026 30.00 2027 30.00 2028 3.00 Total 90.00 FUNDING PLAN ($MILLIONS) Total Project Costs: $90 million (secured) Secured Sources of Funding: $90 million AEA bonds (existing) Once all transmission lines have been upgraded from Anchorage to Soldotna then transformers will be upgraded to 230 kV and the line will operate at 230 kV. Because of constraints on how long the transmission line can be out-of- service and the various land ownerships the line crosses, the effort has been divided into four projects, each with an independent utility. The projects are as follows: ƒProject 1: Sterling Substation to Kenai National Wildlife Refuge (8 miles) ƒProject 2: Kenai National Wildlife Refuge (17 miles) ƒProject 3: Kenai National Wildlife Refuge and Chugach National Forest to Cooper Creek (9 miles) ƒProject 4: Cooper Creek to Quartz Creek Substation (5 miles) The project schedule is based on outage constraints, permitting, and seasonal construction. The project’s schedule is subject to change based the above criteria. The majority of work is over wetlands and can only occur during the late winter months. Outages cannot occur concurrently with other transmission projects because that would island communities from power and prevent Bradley power from moving north during critical periods. Projects 1 through 4 are shown above from left to right. 813 W Northern Lights Blvd. Anchorage, AK 99503 Project 1 Q1 2025 PROJECT OVERVIEW (CONT) www.akenergyauthority.org info@akenergyauthority.org T: (907) 771-3000 F: (907) 771-3000 Project 2 Q1 2027 Project 3 Q1 2028 SCHEDULE Project 4 Q1 2025